In this issue


Thursday, 16 February 2023
On Tuesday, Abu Dhabi National Oil Company’s (ADNOC) LNGC ‘Ish’ berthed at Brunsbuettel Elbehafen port, bringing the first commissioning cargo for the new terminal. 
On 12th February, Freeport LNG exported its first cargo since its forced shutdown last year. 
Thursday, 16 February 2023
Free ReadEstonian energy company, Eesti Gaas has negotiated 10 LNG cargoes to be delivered to Baltic terminals by the Autumn of this year.  Three deliveries will be made to to the…
Thursday, 16 February 2023
India’s largest LNG importer, Petronet LNG will look for up to 1 mill tonnes per annum of additional LNG supplies when it renews its long-term deal with Qatar. 
Bangladesh is to import eight LNG cargoes from the international spot market through June this year, the country’s State Minister for Power, Energy and Mineral Resources, Nasrul Hamid, said. 
Thursday, 16 February 2023
Free ReadGreek energy company, DESFA’s auction for unloading slots and gasification capacity at the Revithoussa LNG terminal for 2023/2027 attracted strong interest from both domestic and foreign users, the company claimed.  Last…
Thursday, 16 February 2023
Mexico Pacific has signed two long-term Sales and Purchase Agreements (SPAs) with ExxonMobil LNG Asia Pacific (EMLAP) to sell a combined 2 mill tonnes per annum of LNG. 
Thursday, 16 February 2023
Flex LNG enjoyed vessel operating revenues of $97.9 mill for the fourth quarter 2022, compared to $91.3 mill for the previous quarter. 
Thursday, 16 February 2023
Qatar Gas Transport Company (NAKILAT) achieved a consolidated net profit of QR1,439 mill in the fiscal year 2022. 
Thursday, 16 February 2023
Free ReadHöegh LNG Holdings has signed a new loan facility agreement with a group of banks to refinance the FSRUs ‘Höegh Esperanza’ and ‘Hoegh Gannet’.  They are both employed on long-term…
Golar LNG Limited is to acquire New Fortress Energy’s (NFE) ownership stake in the FLNG ’Hilli’ in exchange for Golar’s remaining 4.1 mill shares in NFE and $100 mill in…
Thursday, 16 February 2023
Containership and LNGC owner, Capital Product Partners’ (CPLP) operating surplus for the fourth quarter was $37.3 mill, or $6.3 mill after the quarterly allocation to the capital reserve. 
Free ReadTrelleborg Marine and Infrastructure has fitted its SafePilot Offshore solutions for the first FSRU terminal at Wilhelmshaven, Germany, supplied by Höegh LNG.  The terminal, was officially commissioned during the week…
Thursday, 02 February 2023
Although natural gas prices and world political events will make LNG import predictions difficult this year, Poten & Partners has forecast a growth of around 19 mill tonnes on the 408 mill…

News Nudges

LNT gets LR approval

Lloyd's Register (LR) has awarded Approval in Principle (AiP) to Norwegian technology provider LNT Marine (LNT) for its patented LNT A-BOX cargo containment system. This system has been developed for medium to large scale LNGCs, and is claimed to make their construction easier and more cost effective, together with the proprietary LNG Fuel-BOX fuel tank system, which offers an ammonia-ready LNG fuel tank system.

Platts in DES Southeast Asia LNG (SEAM) assessments launch

Platts, part of S&P Global Commodity Insights, is to publish DES Southeast Asia (SEAM) price assessments reflecting the value of spot LNG cargoes delivered into Southeast Asia. From 16th October, the assessments will be published as a differential to Platts JKM, as well as on an outright basis. Southeast Asian LNG imports have grown significantly over the last two years and are expected to grow further as new importing countries enter the market. Cargoes delivered ex-ship (DES) to Thailand will be considered as the basis of the assessment. Prices of LNG spot cargoes delivered into Singapore, the Philippines or Vietnam may be normalised. Platts will assess cargoes for delivery in the third, fourth, fifth and sixth half-month cycles forward from the date of publication. The SEAM monthly assessment will be based on the average of the two DES Southeast Asia LNG half months that match the JKM delivery month period. DES Southeast Asia assessments will reflect a quantity of 3.4 TBtu. This volume will be subject to plus/minus 5% operational tolerance, at the seller's option. Platts standards will reflect LNGCs of above 135,000 cu m.

DET to start regas auctions

German public sector operating company, Deutsche Energy Terminal GmbH (DET), is to hold auctions for regasification capacities, including storage and send-out. In two digital auction rounds, which are due to start on 16th and 23rd October, 2023, respectively, interests will be able to acquire utilisation rights for the first short-term capacities in 2024 at the Brunsbüttel and Wilhelmshaven 1 terminals. Further short-term capacities at the Stade and Wilhelmshaven 2 terminals are due to be offered in another auction round in December, 2023. Long-term capacity marketing with a term of more than a year is planned for April, 2024.

Ships - Sales, charters, deliveries

MISC Berhad (MISC) is to sell and charter two LNGCs to Japanese shipowner, Nissen Kaiun. Under the terms of the transaction, MISC will transfer ownership of the LNGCs to Nissen Kaiun, and also sign a charter agreement with Eaglestar and Synergy Marine as the shipmanagers. The first of the two vessels is expected to be delivered to Nissen Kaiun in the fourth quarter of this year. COSCO Shipping Energy Transportation (CSET) is to take a stake in three newbuilding LNGCs. COSCO Shipping LNG Investment will acquire a 49% stake in three single ship companies set up by Japanese Mitsui OSK Lines, (MOL) in Liberia. The three 174,000 cu m LNGCs will be built at Hudong-Zhonghua for delivery in 2028 at a price of around $241 mill per ship. They are to be chartered to ENN LNG, a Singapore-based subsidiary of China’s ENN Natural Gas. At the same time, CSET’s Board gave approval for the financing of the construction of two LNGCs for Shanghai COSCO Shipping Liquefied Natural Gas Investment. Earlier this month, the 172,000 cu m Ice Class LNGC ‘Alexei Kosygin’ was named at the Zvezda Shipbuilding complex. At the naming ceremony, Russian President, Vladimir Putin, said; ”The development of this fleet is of great importance to our country, which is an Arctic power, in order to implement our long-term strategy for developing the Arctic, ensuring reliable transport along the Northern Sea Route, global transport and logistics routes and strengthening our country and the entire world’s energy security.” Also reported this month was the delivery of the 174,000 cu m LNGC ‘Paris Knutsen’. She was built by Hyundai Samho Heavy Industries and is the seventh LNGC to be long term chartered to Shell in the series. ‘Paris Knuten’ is fitted with an MAN ME-GA engine plus an HI-ALS air lubrication system.

For Qatargas read QatarEnergy LNG

Qatar’s giant energy company, Qatargas has been rebranded as QatarEnergy LNG. At present, the company operates 14 LNG trains with a total annual production capacity of 77 mill tonnes, which makes QatarEnergy LNG the world’s largest LNG producer. Established in 1984, QatarEnergy LNG develops and produces hydrocarbons from the world’s largest non-associated natural gas field. In addition, QatarEnergy LNG is also a leading exporter of natural gas, helium, condensate and associated products, the company claimed.